Welcome to the Community space, giantoaksdesign.
You can record the purchased material as an expense-type transaction. I'll provide more information below.
You'll want to understand the allowable and disallowable expenses to use the correct categories. If you have a question about how a specific purchase should be treated, it's always best to consult with a tax professional or bookkeeper. This way, we can ensure your items are tracked accurately, as well as the taxes.
Please add a response for follow-up concerns regarding receipts. We're always here to help you with profit calculation and tax reporting.
